Fidelity 500 Index Fund (FXAIX) belongs to the S&P 500 category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FXAIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FXAIX
FXAIX charges 0.02% annually. There is 1 mutual fund in the S&P 500 category with a lower expense ratio, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares S&P 500 Index Fund Class G | 0.01% | — | Jul 2019 | FXAIX vs BSPGX | |
| Vanguard Institutional Index Fund Institutional Pl... | 0.02% | 349.70B | Jul 1997 | FXAIX vs VIIIX | |
| Schwab S&P 500 Index Fund | 0.02% | 144.34B | May 1997 | FXAIX vs SWPPX | |
| State Street Equity 500 Index Fund Class K | 0.02% | — | Sep 2014 | FXAIX vs SSSYX | |
| iShares S&P 500 Index Fund Class K | 0.03% | — | Jul 1993 | FXAIX vs WFSPX |
Best Risk-Adjusted Alternatives to FXAIX
FXAIX has a PortfoliosLab risk / return rank of 75. There is 1 mutual fund in the S&P 500 category with a higher risk-adjusted rank, going as high as 76.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Institutional Index Fund Institutional Pl... | 76 | 349.70B | Jul 1997 | FXAIX vs VIIIX | |
| Invesco Equally-Weighted S&P 500 Fund | 75 | — | Jul 1997 | FXAIX vs VADDX | |
| Vanguard Institutional Index Fund Institutional Sh... | 75 | 349.70B | Jul 1990 | FXAIX vs VINIX | |
| Vanguard 500 Index Fund Admiral Shares | 75 | 1.70T | Nov 2000 | FXAIX vs VFIAX | |
| Schwab S&P 500 Index Fund | 75 | 144.34B | May 1997 | FXAIX vs SWPPX |
Top Performing FXAIX Alternatives (YTD)
FXAIX is at 11.76% YTD. There are 3 mutual funds in the S&P 500 category with higher YTD returns, going as high as 16.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly S&P 500 Bull 1.75X Fund | 16.64% | — | May 2006 | FXAIX vs DXSLX | |
| Invesco Equally-Weighted S&P 500 Fund | 14.22% | — | Jul 1997 | FXAIX vs VADDX | |
| Victory 500 Index Fund | 11.81% | — | May 2002 | FXAIX vs USPRX | |
| Vanguard Institutional Index Fund Institutional Pl... | 11.76% | 349.70B | Jul 1997 | FXAIX vs VIIIX | |
| Vanguard Institutional Index Fund Institutional Sh... | 11.75% | 349.70B | Jul 1990 | FXAIX vs VINIX |
Lowest Volatility Alternatives to FXAIX
FXAIX has 12.86% 1-year volatility. There are 16 mutual funds in the S&P 500 category with lower 1-year volatility, going as low as 11.34%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| CBOE Vest S&P 500 Dividend Aristocrats Target Inco... | 11.34% | — | Sep 2017 | FXAIX vs KNGLX | |
| Invesco Equally-Weighted S&P 500 Fund | 11.74% | — | Jul 1997 | FXAIX vs VADDX | |
| Shelton Capital Management S&P 500 Index Fund | 12.80% | — | Apr 1992 | FXAIX vs SPFIX | |
| CYBER HORNET S&P 500 | 12.82% | — | Mar 2017 | FXAIX vs INDEX | |
| Principal LargeCap S&P 500 Index Fund Class A | 12.84% | — | Feb 2001 | FXAIX vs PLSAX |
Lowest Drawdown Alternatives to FXAIX
FXAIX has a 1-year max drawdown of -8.89%. There are 2 mutual funds in the S&P 500 category with shallower 1-year drawdowns, going as shallow as -7.88%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Equally-Weighted S&P 500 Fund | -7.88% | — | Jul 1997 | FXAIX vs VADDX | |
| State Street Equity 500 Index Fund Class K | -8.88% | — | Sep 2014 | FXAIX vs SSSYX | |
| Schwab S&P 500 Index Fund | -8.89% | 144.34B | May 1997 | FXAIX vs SWPPX | |
| Vanguard Institutional Index Fund Institutional Pl... | -8.90% | 349.70B | Jul 1997 | FXAIX vs VIIIX | |
| Vanguard Institutional Index Fund Institutional Sh... | -8.90% | 349.70B | Jul 1990 | FXAIX vs VINIX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FSELX, FZROX, FSKAX and span 5 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | FXAIX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | FXAIX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | FXAIX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | FXAIX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | FXAIX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | FXAIX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | FXAIX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | FXAIX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | Jun 2016 | FXAIX vs FTIHX | |
| Fidelity ZERO International Index Fund | Foreign Large Cap Equities | 76 | 14.73% | — | Aug 2018 | FXAIX vs FZILX |
Often Compared With FXAIX
Investors most often compare FXAIX with VOO, SPY, IVV. These 20 comparison targets span 11 categories, based on PortfoliosLab usage data.
Compare FXAIX with Any Fund or Stock
Compare FXAIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FXAIX with funds that move differently
Fidelity 500 Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FXAIX.
Explore FXAIX Diversifiers